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TD Ameritrade vs Ally Invest 2019

The StockBrokers.com annual review (9 years running) takes six months to complete and produces over 30,000 words of research each year. Here's how we test.

Is Ally Invest better than TD Ameritrade? Based on over 4,000 data points from our 2019 annual broker review, TD Ameritrade (86.98%) is better than Ally Invest (62.44%). The extra cost of trading with TD Ameritrade is worth every cent – the brokerage delivers fantastic platforms, research, mobile apps, education, and customer service. This outstanding all-round experience makes TD Ameritrade our No. 1 overall broker in 2019.

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Overall Rating

Feature TD Ameritrade Ally Invest
Overall 4.5 3
TD Ameritrade Review Ally Invest Review

Trading Fees

Feature TD Ameritrade Ally Invest
Minimum Deposit $0.00 $0.00
Stock Trade Fee (per trade) $6.95 $4.95
ETF Trade Fee $6.95 $4.95
Options Base Fee $6.95 $4.95
Options Per Contract Fee $0.75 $0.65
Mutual Fund Trade Fee $49.99 $9.95
Broker Assisted Trades Fee $44.99 $20.00
Commissions & Fees 3.5 3.5
Winner check_circle

Margin Rates

Feature TD Ameritrade
Open Account
Ally Invest
Open Account
Under $24,999.99 10.25% 9.75%
$25,000.00 to $49,999.99 10.00% 9.50%
$50,000.00 to $99,999.99 9.00% 8.75%
$100,000.00 to $249,999.99 8.75% 7.50%
$250,000.00 to $499,999.99 8.50% 6.50%
$500,000.00 to $999,999.99 8.50% 6.00%
Above $1,000,000.00 7.75% 5.25%
Commissions & Fees 3.5 3.5
Winner check_circle

Account Fees

Feature TD Ameritrade Ally Invest
IRA Annual Fee $0.00 $0.00
IRA Closure Fee $0.00 $50.00
Returned ACH Fee $25.00 $30.00
Returned Wire Fee $25.00 $30.00
Stock Certificate Processing Fee $0.00 $300.00
Stock Certificate Delivery Fee $500.00 $300.00
Paper Statement Fee $0.00 $2.00
Paper Confirmation Fee $0.00 $1.00
Domestic Wire Fee $25.00 $30.00
International Wire Fee $25.00 N/A
Commissions & Fees 3.5 3.5

Investment Options

Feature TD Ameritrade Ally Invest
Stock Trading
Yes Yes
OTCBB / Pink Sheets
Yes Yes
Options Trading
Yes Yes
Complex Options Max Legs
4 4
Futures Trading
Yes No
Forex Trading
Yes Yes
Commission-Free ETFs 571 116
Mutual Funds (No Load)
5185 7200
Mutual Funds (Total)
12418 14000
Bonds (US Treasury)
Yes Yes
Bonds (Corporate)
Yes Yes
Bonds (Municipal)
Yes Yes
Advisor Services
Yes Yes
International Trading
Yes No
Offering of Investments 4.5 4
Winner check_circle

Order Types

Feature TD Ameritrade Ally Invest
Order Type - Market
Yes Yes
Order Type - Limit
Yes Yes
Order Type - Stop
Yes Yes
Order Type - Trailing Stop
Yes Yes
Order Type - Contingent
Yes Yes
Order Type - MultiContingent
Yes No
Order Type - OCO
Yes Yes
Order Type - OTO
Yes Yes
Order Type - OTOCO
Yes No
Offering of Investments 4.5 4
Winner check_circle

Trading Platforms

Feature TD Ameritrade Ally Invest
Desktop Platform (Windows)
Yes No
Desktop Platform (Mac)
Yes No
Web Platform
Yes Yes
Paper Trading
Yes No
Trade Journal
Yes No
Watch Lists - Total Fields
514 21
Two-Factor Authentication Login
Yes Yes
Heat Mapping
Yes No
Platforms & Tools 5 2.5
Winner check_circle

Charting Features

Feature TD Ameritrade Ally Invest
Charting - Trade Off Chart
Yes No
Charting - Indicators / Studies
411 117
Charting - Drawing Tools
22 36
Charting - Historical Trades
Yes No
Charting - Corporate Events
Yes Yes
Charting - Automated Analysis
Yes Yes
Charting - Save Profiles
Yes Yes
Charting - Study Customizations
9 5
Charting - Custom Studies
Yes No
Platforms & Tools 5 2.5
Winner check_circle

Day Trading

Feature TD Ameritrade Ally Invest
Stock Alerts - Basic Fields
Yes Yes
Stock Alerts - Advanced Fields
Yes No
Streaming Time & Sales
Yes No
Streaming TV
Yes No
Direct Market Routing - Stocks
Yes No
Direct Market Routing - Options
Yes No
Ladder Trading
Yes No
Trade Hot Keys
Yes No
Level 2 Quotes - Stocks
Yes No
Level 2 Quotes - Options
Yes No
Trade Ideas - Backtesting
Yes No
Short Locator
No No
Client Liquidity Rebates
No No
Winner check_circle

Mobile Trading Apps

Feature TD Ameritrade Ally Invest
iPhone App
Yes Yes
Android App
Yes Yes
Apple Watch App
Yes No
Trading - Stocks
Yes Yes
Trading - After-Hours
Yes No
Trading - Conditional Orders
Yes No
Trading - Mutual Funds
No No
Trading - Simple Options
Yes Yes
Trading - Complex Options
Yes Yes
Trading - Option Rolling
Yes No
Touch / Face ID
Yes Yes
Winner check_circle

Mobile App Features

Feature TD Ameritrade Ally Invest
Watch List Syncing
Yes Yes
Stock Alerts - Basic Fields
Yes No
Stock Alerts - Advanced Fields
No No
Charting - After Hours
Yes No
Charting - Drawing
Yes No
Charting - Study Customizations
Yes No
Customizable Homescreen
No No
Heatmapping
No No
Stream Live TV
Yes No
Barcode Lookup
Yes No
Mobile Trading 4.5 3
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Research Overview

Feature TD Ameritrade Ally Invest
Research - Stocks
Yes Yes
Research - ETFs
Yes Yes
Research - Mutual Funds
Yes Yes
Research - Pink Sheets / OTCBB
Yes Yes
Research - Fixed Income
Yes No
Research - Futures
Yes No
Research - Forex
Yes No
Screener - Stocks
Yes No
Screener - ETFs
Yes No
Screener - Mutual Funds
Yes No
Screener - Options
Yes No
Screener - Bonds
Yes No
Misc - Portfolio Builder
Yes Yes
Misc - Portfolio Allocation
Yes No
Research 5 2
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Stock Research

Feature TD Ameritrade Ally Invest
Stock Research - Reports
7 2
Stock Research - Earnings
Yes No
Stock Research - Insiders
Yes No
Stock Research - Metric Comp
Yes No
Stock Research - SEC Filings
Yes No
Stock Research - Social
Yes No
Stock Research - Balance Sheet
Yes No
Stock Research - Cash Flows
Yes No
Stock Research - News
Yes Yes
Stock Research - ESG
No No
Research 5 2
Winner check_circle

ETF Research

Feature TD Ameritrade Ally Invest
ETFs - Strategy Overview
Yes Yes
ETFs - Top 10 Holdings
Yes No
ETFs - Sector Exposure
Yes No
ETFs - Risk Analysis
Yes Yes
ETFs - Performance Analysis
Yes Yes
ETFs - Ratings
Yes Yes
ETFs - Morningstar StyleMap
Yes No
ETFs - Reports
Yes Yes
Research 5 2
Winner check_circle

Mutual Fund Research

Feature TD Ameritrade Ally Invest
Mutual Funds - Strategy Overview
Yes Yes
Mutual Funds - Prospectus
Yes No
Mutual Funds - Reports
Yes No
Mutual Funds - Fees Breakdown
Yes Yes
Mutual Funds - Top 10 Holdings
Yes No
Mutual Funds - Asset Allocation
Yes No
Mutual Funds - Sector Allocation
Yes Yes
Mutual Funds - Country Allocation
No No
Mutual Funds - StyleMap
Yes No
Mutual Funds - 3rd Party Ratings
Yes Yes
Research 5 2
Winner check_circle

Options Trading

Feature TD Ameritrade Ally Invest
Option Chains - Streaming
Yes Yes
Option Chains - Total Columns
33 8
Option Chains - Greeks
5 1
Option Chains - Quick Analysis
Yes Yes
Option Analysis - P&L Charts
Yes Yes
Option Probability Analysis
Yes Yes
Option Probability Analysis Adv
Yes Yes
Option Positions - Greeks
Yes Yes
Option Positions - Adv Analysis
Yes Yes
Option Positions - Rolling
Yes No
Option Positions - Grouping
Yes Yes
Platforms & Tools 5 2.5
Winner check_circle

Beginners

Feature TD Ameritrade Ally Invest
Has Education - Stocks
Yes Yes
Has Education - ETFs
Yes No
Has Education - Options
Yes Yes
Has Education - Mutual Funds
Yes Yes
Has Education - Fixed Income
Yes Yes
Has Education - Retirement
Yes Yes
Paper Trading
Yes No
Videos
Yes No
Webinars (Monthly Avg)
500 17
Webinars (Archived)
Yes No
Live Seminars
Yes Yes
Progress Tracking
Yes No
Interactive Learning - Quizzes
Yes No
Investor Magazine
Yes No
Education 5 3.5
Winner check_circle

Banking

Feature TD Ameritrade Ally Invest
Retail Locations
364 0
Member FDIC
No Yes
Checking Accounts
Yes Yes
Savings Accounts
No Yes
Credit Cards
Yes Yes
Debit Cards
Yes Yes
Mortgage Loans
No Yes
No Fee Banking
Yes Yes
Banking 3 4
Winner check_circle

Overall

Feature TD Ameritrade Ally Invest
TD Ameritrade Review Ally Invest Review
Overall 4.5 3
Winner check_circle
The StockBrokers.com annual broker review assesses more than a dozen different brokers over six months, surfacing the best online stock brokers. This review compares Ally Invest vs TD Ameritrade. Is Ally Invest or TD Ameritrade a better online broker?

First, we will make a comparison of the stock and option trading fees for trading with both brokers. TD Ameritrade, with its regular stock trades costing $6.95, is more expensive than Ally Invest's rate of $4.95 per trade. Looking at trading options, Ally Invest's base fee is $4.95 while TD Ameritrade's is $6.95. Option contracts are pricier at TD Ameritrade, costing $0.75 versus $0.65 at Ally Invest. Note that some brokers charge a per-share fee instead of a flat-fee commission. For a full breakdown of commissions, read our online broker reviews.

For our next comparison of these two brokers, being able to trade the way you want is a must. TD Ameritrade offers clients Stock Trading, Options Trading, Mutual Funds, Forex Trading and Futures Trading while Ally Invest offers Stock Trading, Options Trading, Mutual Funds and Forex Trading. When it comes to mutual funds, Ally Invest boasts an offering of 14000 mutual funds compared to TD Ameritrade's 12418 available funds.

Last but not least, by breaking down important features, tools, etc that each broker offers, we can really help to separate the two. TD Ameritrade makes virtual trading available to clients, while Ally Invest does not. For mobile trading, Ally Invest and TD Ameritrade both have a iPhone App, iPad App and Android App. Furthermore, some investors like to bank online, and multiple brokerages provide these services to clients. Checking Accounts, Debit Cards and Credit Cards are offered by TD Ameritrade while Ally Invest offers Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans.

Overall, between Ally Invest and TD Ameritrade, TD Ameritrade is the winner.

Ally Invest Review
TD Ameritrade Review


All pricing data was obtained from a published web site as of 02/18/2019 and is believed to be accurate, but is not guaranteed. For stock trade rates, advertised pricing is for a standard order size of 500 shares of stock priced at $30 per share. For options orders, an options regulatory fee per contract may apply.

TD Ameritrade, Inc. and StockBrokers.com are separate, unaffiliated companies and are not responsible for each other’s services and products. View terms.

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